Elixir Secures 3D Seismic Data for 184 BCFe Daydream-3 Well in 2026
Elixir Energy has partnered with QGC to share 3D seismic data over a key Queensland gas permit, aiming to reduce risks ahead of the Daydream-3 appraisal well. This collaboration highlights the strategic importance of the Taroom Trough in Australia’s gas landscape.
- Elixir and QGC sign data sharing and ingress agreement for ATP2077 Block-A
- 3D seismic acquisition planned for 2026 to support Daydream-3 appraisal well
- Reciprocal data exchange includes areas extending into QGC’s ATP645 permit
- Daydream-3 well targets 184 BCFe of 2C Contingent Gas Resources
- Taroom Trough’s proximity to major gas infrastructure enhances project value
Strategic Collaboration in the Taroom Trough
Elixir Energy Limited (ASX – EXR) has formalised a data sharing and ingress agreement with QGC Pty Limited, marking a significant step forward in the appraisal of its substantial gas resources in Queensland’s Taroom Trough. The agreement facilitates Elixir’s access to ATP2077 Block-A and enables the acquisition of 3D seismic data in 2026, a critical input for the upcoming Daydream-3 appraisal well.
This collaboration is notable not only for the data exchange but also for the reciprocal sharing arrangement that extends into QGC’s adjacent ATP645 permit. By agreeing to share processed seismic data across their mutual boundary and beyond, both companies are positioning themselves to better understand the subsurface geology and reduce exploration risk.
De-Risking the Daydream-3 Appraisal Well
The Daydream-3 well, sited in the north-west of ATP2077 Block-A, targets an independently certified 2C Contingent Gas Resource of 184 billion cubic feet equivalent (BCFe). Managing Director Stuart Nicholls emphasised that the seismic data acquisition and sharing will be instrumental in de-risking this well location, potentially accelerating Elixir’s path to commercialisation.
Given the geological analogy of the Taroom Trough to Canada’s prolific Montney Formation, the region holds considerable promise. Elixir’s acreage is strategically located near the Wallumbilla Gas Hub, multiple gas pipelines, and LNG export infrastructure, which collectively enhance the commercial viability of any discoveries.
Implications for the Queensland Gas Sector
This agreement underscores the collaborative approach emerging in Queensland’s onshore gas sector, where companies leverage shared data to optimise exploration efforts and reduce costs. For Elixir, the partnership with QGC not only provides access to valuable geophysical data but also signals confidence in the resource potential of the Taroom Trough.
While the announcement does not detail financial terms or precise timelines beyond the planned 2026 seismic acquisition, it sets the stage for important developments in Elixir’s appraisal campaign. Investors will be watching closely for the seismic results and subsequent well outcomes, which could materially influence the company’s valuation and development strategy.
Bottom Line?
As seismic data rolls in, Elixir’s next moves will be critical in unlocking the Taroom Trough’s gas potential.
Questions in the middle?
- What specific insights will the 3D seismic data reveal about reservoir quality and extent?
- How will the Daydream-3 well results influence Elixir’s development timeline and funding needs?
- Could this data sharing model become a blueprint for future collaborations in the Bowen Basin?
